Pavel Durov: Shocking Money Laundering and Fraud Accusations

Pavel Durov: Shocking Money Laundering and Fraud Accusations

Reinout te Brake | 15 Sep 2024 18:36 UTC

The Paris Judicial Court has released a list of 12 potential charges against telegram CEO Pavel Durov, including allegations of distributing child pornography, selling narcotics, and engaging in organized fraud and money laundering.

Per the official release from the prosecutor's office, the charges state that the administration of the online platform facilitated illicit transactions within an organized group and refused to cooperate with authorities upon request.

Moreover, Durov faces accusations of possessing and circulating images of underage pornography. In addition, three charges highlight Durov's provision of cryptology tools to telegram users without proper government authorization.

ton-drops-after-durov-s-arrest-in-paris">ton Drops After Durov’s Arrest in Paris

Following Durov's arrest, the price of Toncoin (ton), a digital asset associated with a blockchain project linked to telegram, experienced a significant decline. ton lost $2.7 billion in market value and dropped out of the top 10 cryptocurrencies according to CoinMarketCap. The coin has seen a 21.47% decrease in value over the past week, currently trading at $5.38.

The charges against Durov stem from a judicial investigation initiated on July 8, 2024, following a preliminary inquiry. The investigating magistrates handling the case have enlisted the assistance of the center for the fight against digital crime (C3N) and the national anti-fraud office (ONAF) to further probe the allegations.

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